Hi Jainesh,

Thanks for the quick reply but i can't find this option in odoo 16.
I've enabled the developer mode but the mentioned menu is not available.
When i go to settings, i can see translations but i only have 3 options.
Translation, import translations and export translations.

In the languages menu i can select my language and update but i'm not able to update certain values.

The mentioned "application terms" is not available in odoo 16.

After some thinking i found a solution.

You have to go to export translation and select the language in use and create an export.
FYI : If you use .csv it will fail and you get an error on res_id
After looking at github i've found that there is an issue with this export.

So to solve this i've created a .pot file.
With a regular text editor i searched for the menotioned line i wanted to change.
After changing this i've imported the .pot file and overwrite my translation.
This can be done for any translated field.

Hope i can help some people in the future by posting this.